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Andrews & Summers Chartered Certified Accountants |
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SELLING YOUR BUSINESS YOUR BUSINESS OK - so you have been running your business for a few years and have been making a reasonable living from it - if you have not, WHY HAVEN'T YOU CONTACTED US EARLIER FOR HELP IN CHANGING THAT? You are now looking at getting out of the business, either because you are fed up with it, or because you are approaching retirement. YOUR OPTIONS You basically have three options:
The first option must be the last one to be considered, if all else fails. Passing the business on to the next generation is very laudable, but you still need money to live on! A combination of the second and third options (or just the third) must be the preference. MAXIMISING VALUE What are you selling? To get the best price, your business must be an attractive proposition to prospective purchasers. You have however been running the business for a number of years to YOUR benefit - and quite rightly so! What you need is an independent review to look at the strengths and weaknesses of your business from the point of view of a prospective purchaser and someone to work with you over (if possible) two or three years to ensure that your business is in the best possible shape for sale and to help guide you through the minefields of the actual sale. WHY US AND NOT YOUR USUAL ACCOUNTANTS ? Your usual accountants may or may not have a commercial perspective in their ability to look at a business. Sadly there are still many firms today which have very little if any commercial experience. We are sure that your accountants are not one of them - or else you would not have chosen them. Alternatively, there are always advantages in having a 'fresh pair of eyes' look over the business. INTERESTED? Then contact us on partners&andrews-summers.co.uk for a no-commitment discussion.
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